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softbank is not in talks to acquire clearwire. however, sprint, which already owns about 48%, 49% of the company, is in talks to do the same. to acquire clearwire as part of this deal. a very complex deal as you can see. softbank does have a need for sprint to have control of clearwire's board. it does appear that sprint is going about that by having discussions aimed at acquiring clearwire, which while it does own a lot of, does not own the majority of. some of which is still held by cable companies and the like including, of course, as well, some public shareholders. did want to clarify that when it comes to clearwire. finally, of course, we've seen shares of sprint pc -- excuse me. metro pcs down sharply today. i can tell you sprint did not consider a bid to come over the top in a deal that has been done between t-mobile and metro pcs as had been reported by some other outlets last week. as i have been reporting, t-mobile was an important component of these talks when they first began this summer between both t-mobile and sprin
softbank is not in talks to acquire clearwire. however, sprint, which already owns about 48%, 49% of the company, is in talks to do the same. to acquire clearwire as part of this deal. a very complex deal as you can see. softbank does have a need for sprint to have control of clearwire's board. it does appear that sprint is going about that by having discussions aimed at acquiring clearwire, which while it does own a lot of, does not own the majority of. some of which is still held by cable...
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. >>> we begin with breaking news on sprint and softbank. david faber's been working this all morning. >> yeah. it's been like the old days, those phones lighting up. we got a lot of details to share but also a lot of questions. we can tell you for the last few months softbank has been in negotiations to buy a majority position in telecom provider sprint. now originally those talks also included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile and sprint got together, something that has been discussed many times in the past. and then softbank came in with a very large equity check buying down significantly what was deutsche telecom's stake in the overall and perhaps buying even more from the sprint shoulder. that deal didn't happen. as we all know, in fact t-mobile has moved on, has a deal to acquire pcs. by the way, while there's been a great deal of speculation that sprint might try an jump that deal, i think we can put that aside for the moment because that's not likely to happen. pcs shares are down. the
. >>> we begin with breaking news on sprint and softbank. david faber's been working this all morning. >> yeah. it's been like the old days, those phones lighting up. we got a lot of details to share but also a lot of questions. we can tell you for the last few months softbank has been in negotiations to buy a majority position in telecom provider sprint. now originally those talks also included my sources tell me t-mobile. in fact, would have involved a deal in which t-mobile...
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will how will softbank help its competitive dynamic? >> well, i think first and foremost it would help from a competitive standpoint but i will stress this, that in the past sprint as you mentioned has had some difficulties with regard to some of the integrations they've gone through. recently though dan and the team have done a very good job with network vision and also starting to shut down the network, planning to get out of the network by mid 2013. so before any of this came to be, we had said that we thought sprint would be worth about 6.5 dollars that is before softbank would come in and potentially take 70% of the company as an investment for nearly $13 --13 billion as you mentioned. and sprint right now has over 21 billion in debt, they have 14.5 billion of net debt. so that type of investment would free up their balance sheet to do things such as increase their holdings. and while sprint said they have ample spectrum since the beginning of 2014 as i'm sure you and everybody else understands, spectrum is a scarce commodity at th
will how will softbank help its competitive dynamic? >> well, i think first and foremost it would help from a competitive standpoint but i will stress this, that in the past sprint as you mentioned has had some difficulties with regard to some of the integrations they've gone through. recently though dan and the team have done a very good job with network vision and also starting to shut down the network, planning to get out of the network by mid 2013. so before any of this came to be, we...
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check out squares of sprint nextel, japan softbank talking about a two-thirds stake of sprint. nhk reported the original story and "the journal" says those talks are "advanced." it would be the largest foreign stake purchased by a japanese company on record and the stock is up 12% in the premarket. also a busy day for ipos, five are set for today, realogy holdings, intercept and kythera and shutterstock priced its offering above its expected range and garrison capital is expected to go public but not yet priced. >> it's a one shot on you, becky. >> i thought you had something you wanted to say. >> no, got nothing. >>> the street eagerly looking ahead to jpmorgan and wells fargo, those companies out with earnings on friday and joining us on set with a preview is betsy graseck, morgan stanley's large cap analyst. what are you looking for? >> looking to understand how good the fixed income has been, how good housing has been and all the various ways it's impacting them, and then on the other side of the equation is nim, what's the forward look there. i this i it will be fine this
check out squares of sprint nextel, japan softbank talking about a two-thirds stake of sprint. nhk reported the original story and "the journal" says those talks are "advanced." it would be the largest foreign stake purchased by a japanese company on record and the stock is up 12% in the premarket. also a busy day for ipos, five are set for today, realogy holdings, intercept and kythera and shutterstock priced its offering above its expected range and garrison capital is...
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that sprint is interested in taking a stake in clearwire even as sprint is soliciting a stake from softbank to take a stake into that company. clearwire here at a six-month high. >> thank you very much, ber that. >>> the vice presidential debate is on tap tonight and the branding wars are in full effect. jane wells is live in los angeles with one that may not be going all that well. miss jane? >> with all the questions facing the country, you heard from simpson-bowles and the debate tonight -- is one of them which pizza do you prefer? when branding creates its own debate when we come back. [ mal] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just co
that sprint is interested in taking a stake in clearwire even as sprint is soliciting a stake from softbank to take a stake into that company. clearwire here at a six-month high. >> thank you very much, ber that. >>> the vice presidential debate is on tap tonight and the branding wars are in full effect. jane wells is live in los angeles with one that may not be going all that well. miss jane? >> with all the questions facing the country, you heard from simpson-bowles and...
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this is on a nikkei report saying that softbank is going to acquire it. look at that spike, up 1.6%. this is adding on to the story as we were following it this morning. sprint had a spike on its news. nikkei saying softbank to acquire pcs. >>> up next, more on our huge exclusive. listen to what erskine bowles had to say about the anger politicians are about to see up close. >> people are never going to understand how critical this particular time in history is. we have 7.7 trillion -- trillion -- dollars worth of economic events that are going to hit america in the gut in december. and in washington, they're doing nothing about it! nothing about it! we should be asking these guys running for president and every guy running for congress -- what are you going to do? >> it is a really good question. right? what are they going to do? we will find out -- next. >>> let's continue the discussion now around our exclusive interview with lloyd blankfein, erskine bowles and alan simpson. even though there is a lot of concern about the fiscal situation, the goldman
this is on a nikkei report saying that softbank is going to acquire it. look at that spike, up 1.6%. this is adding on to the story as we were following it this morning. sprint had a spike on its news. nikkei saying softbank to acquire pcs. >>> up next, more on our huge exclusive. listen to what erskine bowles had to say about the anger politicians are about to see up close. >> people are never going to understand how critical this particular time in history is. we have 7.7...
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something that softbank wants. so you could see a two-tier or two-step process in which softbank buys 19.9% of sprint primary shares and sprint goes out, uses that money to bring in what it doesn't already own of cle clearwire. and then you see the final tender offer under which we get the entire thing. we also have pcs, and i'll get to -- yesterday moved sharply lower and then was up for some reason on these strange rumors that softbank was interested in pcs. i can tell you at this point, there is no interest in pcs in terms of anything happening now. down the road is it possible that a softbank/sprint combination would seek to acquire a mobile combination, yes, it's possible if the antitrust regulators would allow it to occur. but nothing going on there as of now. it does not look at all like sprint has any interest in trying to jump that current deal. and don't forget, t-mobile was a part of the sprint/softbank talks when they first occurred this summer. >> surely there has to be someone else who wants it. the c
something that softbank wants. so you could see a two-tier or two-step process in which softbank buys 19.9% of sprint primary shares and sprint goes out, uses that money to bring in what it doesn't already own of cle clearwire. and then you see the final tender offer under which we get the entire thing. we also have pcs, and i'll get to -- yesterday moved sharply lower and then was up for some reason on these strange rumors that softbank was interested in pcs. i can tell you at this point,...
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japanese bank, softbank, mobile carriers, softbank would be in advance talks to buy sprint and decided and we're seeing softbank buy majority stake in prince. sprint confirmed they're in talks. back to you. ashley: thank you, nicole. tracy: nicole, we'll ask you who the hottest bond girl is when we come back to you. i will ask you too, hottest bond girl. ashley: all right. tracy: cyber attacks on u.s. financial sector showing no signs of stopping. regions financial confirms it is the latest victim of a cyberattack. adam shapiro has been following the story around the clock. adam, what do you got. >> first you should remember the group responsible for these attacks carry them out only roughly eight hours this would have started roughly 10:00 a.m. new york time. so roughly four hours to go. here is what reasons on is telling us. we're experiencing internet service disruption that is intermittently impacting our customers ability to access our website or use our online banking service. we are working quickly to resolve this issue and regret any inconvenience customers may be experiencing.
japanese bank, softbank, mobile carriers, softbank would be in advance talks to buy sprint and decided and we're seeing softbank buy majority stake in prince. sprint confirmed they're in talks. back to you. ashley: thank you, nicole. tracy: nicole, we'll ask you who the hottest bond girl is when we come back to you. i will ask you too, hottest bond girl. ashley: all right. tracy: cyber attacks on u.s. financial sector showing no signs of stopping. regions financial confirms it is the latest...
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softbank has been looking how you to break in to the u.s. market for months. and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine. >> total cop out. >> a cheap mirror on the cover. this time it went to the european union. the entire union. >> who gets the money? >> i don't know. they'll use to pay off some of the unlg debts that they have. the committee citing the eu's historic role in uniting the continent saying the award was meant as a morale boost for the bloc as it struggles to resolve its debt crisis. i have talked about the peace prize being both political and sort of having jumped the shark years ago. arafat and -- >> there were three of them. >> the president didn't especially want it. he said, pleas
softbank has been looking how you to break in to the u.s. market for months. and defense secretary leon panetta says the u.s. military could act preemptively if it detects an imminent threat of cyber attack. he urged stronger action to bolster america's defenses against such plots. officials say this was the first major policy speech on cyber security by any defense secretary. and we've been waiting. the nobel peace prize was awarded today to you, the -- no, that was "time" magazine....
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and the japanese telecom softbank reportedly in talks to buy majority stake in sprint. why sprint is up. watch out groupon, ebay is testing an on-line market faced for deals with local services and boosting the rv maker winnebago's profits and ebay is up and let's see, winnebago is higher. las vegas developer steve wynn slams president obama for being anti-business and he'll be damned to let the president tell him what to do. is that how the business community feels as a whole. imus: we'll ask one of our foremost authorities on small businesses, on the subject coming up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >> announcer: meet jill. she tho
and the japanese telecom softbank reportedly in talks to buy majority stake in sprint. why sprint is up. watch out groupon, ebay is testing an on-line market faced for deals with local services and boosting the rv maker winnebago's profits and ebay is up and let's see, winnebago is higher. las vegas developer steve wynn slams president obama for being anti-business and he'll be damned to let the president tell him what to do. is that how the business community feels as a whole. imus: we'll ask...
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the japanese mobile phone company softbank is in talks to buy 70% of sprint. the deal would be valued at $4.8 billion. >>> a comeback for ipos. four public companies made public debuts today led by real estate giant realogy. they posted gains of 20%. that is the first time had happened in 12 years according to dealogic. to our top story. vice president joe biden and representative paul ryan will face off in the spotlight tonight. they're debating all the money issues that matter. with me live on the ground is fox news's very own big cheese, the man in charge. neil cavuto. neil, welcome to the show. i was watching that other program you do on that other channel, i think it is fox news channel, maybe, you were talking about there is a table involved this time? >> i'm sorry? melissa: a table. they will sit around a table? >> yes. i'm sorry. very hard to hear here. yeah, this is really, last time this was done when dick cheney was vice president. he prefers a table. they think it leads and often times it does, i don't know psychological for less heated argument, a
the japanese mobile phone company softbank is in talks to buy 70% of sprint. the deal would be valued at $4.8 billion. >>> a comeback for ipos. four public companies made public debuts today led by real estate giant realogy. they posted gains of 20%. that is the first time had happened in 12 years according to dealogic. to our top story. vice president joe biden and representative paul ryan will face off in the spotlight tonight. they're debating all the money issues that matter. with...
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they are in fact in discussion with softbank of japan. dagen: thank you. connell: we do have some more noise, as they say, around the jobs report. if you cannot count on these jobs numbers, what can investors count on? we will talk about that. dagen: we will continue to track the run-up in sprint. connell: new legislation could force your cell phone provider to stop sharing info with third parties like the u.s. government. you think the judge is for this. well, we do not put any words and the judges mouth. he will be here to speak for himself in studio. oil, backup to 92 and changed today. that is a big gain. we will be right back. ♪ dagen: welcome back, everybody. quarter past the hour. stocks now and every 15 minutes. breaking news on apple and samsung. nicole: this is a big one that we will continue to follow. u.s. appeals court actually reversing that injunction against samsung galaxy nexus smart phone in the patent fight with apple. as the news roque, the volume spiked, it sold off. this is not great news here for apple. apple, by the way, has been
they are in fact in discussion with softbank of japan. dagen: thank you. connell: we do have some more noise, as they say, around the jobs report. if you cannot count on these jobs numbers, what can investors count on? we will talk about that. dagen: we will continue to track the run-up in sprint. connell: new legislation could force your cell phone provider to stop sharing info with third parties like the u.s. government. you think the judge is for this. well, we do not put any words and the...
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sprint shares surged almost 15% after the mobile carrier said it was in talks with japan's softbank. those negotiations could lead to the japanese tech giant taking a major e in america's third largest cell company. on wall street, stocks struggled to gain ground-- the dow fell 18 points, the nasdaq lost two points, but the s&p rose a fraction. advanced micro devices tonight cutting its third-quarter revenue estimates by 10%. it blames the sluggish global economy for weak sales across all of its product lines. tomorrow, our friday "market monitor" guest says 2013 will be a year of revitalization for the u.s. and emerging markets. he's jim paulsen of wells capital management. for more financial news, tune in to nbr weeknights on this public television station.
sprint shares surged almost 15% after the mobile carrier said it was in talks with japan's softbank. those negotiations could lead to the japanese tech giant taking a major e in america's third largest cell company. on wall street, stocks struggled to gain ground-- the dow fell 18 points, the nasdaq lost two points, but the s&p rose a fraction. advanced micro devices tonight cutting its third-quarter revenue estimates by 10%. it blames the sluggish global economy for weak sales across all...